Thursday, March 16, 2006
Jackson National Life(R) Delivers Strong 2005 Performance, Generating GAAP Net Income of $594 Million
Jackson National Life, an indirect wholly owned subsidiary of theUnited Kingdom's Prudential plc, increased revenues by 7percent over 2004, primarily from higher net investment income andvariable annuity fee income. GAAP pretax income from continuingoperations rose 5 percent over 2004 to more than $909 million, andGAAP net income declined 6 percent from the prior year. In 2004, JNL'sGAAP net income benefited from a change in accounting principle andthe proceeds from the sale of Jackson Federal Bank, as well as aone-time legal settlement.
Read full article: Jackson National Life Delivers Strong 2005 Performance, Generating GAAP Net Income of $594 Million
Source: Finanzen.net
Read full article: Jackson National Life Delivers Strong 2005 Performance, Generating GAAP Net Income of $594 Million
Source: Finanzen.net
Permalink posted by armandn @ 7:57 AM 
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